Top Posters
Since Sunday
6
y
2
m
2
m
2
u
2
m
2
B
2
M
2
e
2
k
2
N
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nakungth nakungth
wrote...
Go to Answer
Posts: 1175
Rep: 3 0
7 years ago
What happens to the profit-maximizing cartel price and quantity if the marginal cost of production declines?
A) The sellers are no longer price takers, so the change in marginal cost has no impact on the cartel outcome.
B) If demand is downward sloping, the optimal cartel price should decline and the market quantity should increase.
C) The sellers retain the same pricing strategy and capture higher per-unit profits.
D) The cartel price increases and market quantity declines.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 60 times
1 Reply
Replies
Answer verified by a subject expert
CanihCanih
wrote...
#1
Posts: 463
Rep: 13 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nakungth Author
wrote...

7 years ago
Good timing, thanks!
amandamraz
wrote...

Yesterday
Thanks for your help!!
ofsuahasiufhoas
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  534 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 90
  
 374
  
 228
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 486
Previous poll results: How often do you eat-out per week?